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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lafayette at 3609 S 175 W, Lafayette, IN, 47909 offers a 8.7% rental yield on a $475,000 purchase with $3,445/mo rent. Total monthly income registers $3,445/mo, and a $2,325/mo payment leaves $594/mo available for distribution. Annual cash flow reaches $7,122/yr on $157,463 to close, and return on cash invested stands at 24.43% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 126.86% and total cumulative return in cash at $199,759. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,445/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
3.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47909, Lafayette, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,777 (100%) |
| Owner Occupied HU | 11,637 (62.0%) |
| Renter Occupied HU | 5,952 (31.7%) |
| Vacant Housing Units | 1,188 ( 6.3%) |
| Median Home Value | $237,746 |
| Average Home Value | $278,258 |
Residential
18,114
Single Family
16,603
Multi-Family
1,511
Businesses
463
Date | Event | Price |
|---|---|---|
| 2024-10-04 | Price change | $475,000 |
| 2024-09-18 | Listed for sale | $490,000 |
| 1995-11-30 | Sold | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2029.24 | 20.36% | $283,400 | 12.19% |
| 2022-10-15 | $1685.96 | 10.36% | $252,600 | 16.51% |
| 2021-10-15 | $1527.64 | 5.52% | $216,800 | N/A |
Listed by: Catherine Yeoman • Coldwell Banker Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436056
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
